Finlee

Grocery Blueprint Let us build a new grocery store brand

Overview

Starting a grocery store costs a lot of money but will have its benefits concerning its potential growth through other existing avenues such as but not limited to delivery and brand related products.

We wish to start new grocery brand and in turn provide a revenue share to those who have contributed for the duration of upto 10 years.

Costs and Benefits

  • Costs
    • You can pay R 14.95 application fee to participate in this. Thus resulting in a revenue share of 25%.
    • You can apply to participate in this for free using points but not that you would only get 12.25%
    • The points you contribute may help in raising the necessary funds
    • Alternatively you set a pledge amount you wish to contribute but note that no transaction will occur once we have reached a certain number of participants.
  • Benefits
    • Earn a monthly/quarterly revenue share
    • Get updates on the next opportunity
    • Minimum revenue share will be 12 months
    • Revenue share payout duration is 5 years

Pricing

  • Payout Type On Contribution
  • Payout Duration 5 years
  • Payout Percent 12.25-25%
  • Application Fee R 14.95
  • Min Pledge (Cash) R 20
  • Min Pledge (Points) 2000

Payout Type

On Revenue This means the payout percentage will be based on the total revenue generated by the project. For example, Project A generates R 1 million and the payout to contributors will be R 250,000 (i.e. 25%) which will be divided equally amongst each other. Note that the payout may differ on a project basis.

On Contribution This means the payout percentage will be based on the total amount contributed towards the project. Example A: If the contributed amount is R 1 million with a 25% payout (i.e R 250,000), this means regardless of the revenue generated, the total payout will be fixed for the payout duration. Example B: lets say you have contributed R 1000, the payout will be R 312.5 (25% of R 1000 = R 250 x 25% + 250) per year or R 26 per month for the duration of 60 months.

FAQ

What is revenue share?

It is a form of agreement whereby an organization/company agrees to share a certain percent of its revenue among backers/contributors

How is it different from dividends?

You would still get paid regardless of how much revenue is generated and as such, there wouldn't be any decrease in percentage that has been agreed upon.

When will I get paid?

Payments will be disbursed on a monthly/quarterly depending on your preference

When will It commence?

We hope it will be built within 4-6 months in around Gauteng, but we will update everyone who has shown interest

How many people can participate?

As many but it will be limited to a certain number of people but it will be dependent on the amount each person contributes.

Can I contribute later?

Yes you can contribute once the grocery store is in operations but not that the revenue share in terms of duration will be less.

Note: Finlee is point-based financial service that enables you to unlock access to certain services such loans by using points. You have the option of applying for certain service using points/cash or for free.

PayFast: We use a payment processor to process all types of payments from debit to credit and more which is processed securely.

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